Regenerative Medicine is where specialists develop methods to repair, regrow, or replace diseased or damaged cells, tissues, or organs. Stem Cell therapies, production of artificial organs, and tissue engineering are the methods used to achieve the regrowth, repair, and replacements of parts of the body.
The Global Regenerative Medicine Market continues to show promising progress. In 2016, the industry was worth $18.9 billion. Now, the market is expected to grow to over $66 billion by 2022.
Regenerative Medicine is a multidisciplinary field which attracts minds that specializes in a wide array of areas such as engineering, molecular science, business, and healthcare.
Researchers emphasize that the field of regenerative medicine appeals to the brightest of minds due to its ability to let professionals apply current and future technology to enhance the quality of life and help eradicate burdens contracted from illnesses.
There are different methods in regenerative medicine. Stem Cell therapy is the most common method. It is not only used for major operations.
Stem cell therapy is widely used for rejuvenating treatments in the field of cosmetology. Other aestheticians use stem cell therapy for the regrowth of hair.
Tissue engineering is another method used in regenerative medicine. It is the use of a combination of cells and suitable biochemical and physicochemical factors to replace or enhance biological tissues.
Tissue engineering is commonly used for whole tissues, such as skin, bladder, muscle, and blood vessels. Another method is the production of artificial organs or “bio-artificial” organs.
The bio-artificial organs are stem cell-infused plastic. The body of the recipient does not decline the artificial organ because stem cells that are used to create the bio-artificial organs directly come from the transplant recipient.
Regenerative Therapies cost tons and tons of money. Stem Cell treatments alone cost around $20,000 to $100,000. High payments for regenerative treatments mean high compensations for the regenerative treatment specialists.
Stem cell doctors were recorded to have earned an annual salary of $76,980 in May 2012. At present, the wages of those specialists can reach to more than $140,000 per year.
Aspiring regenerative medicine specialists must not be discouraged when trying to pursue this line of work, because it is worth it in the end.